Hungary: Economic sentiment worsens in May
Latest reading: Economic sentiment went down to 99.3 in May, following April’s 99.8. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In May, sentiment worsened in the industrial sector (-8.1 vs -7.1 in April) and the services sector (-12.9 vs -9.3 in April). On the flipside, sentiment improved in the construction sector (-21.1 vs -22.6 in April), the retail sector (-11.4 vs -13.0 in April) and among consumers (-2.1 vs -15.6 in April).